The US and Iran are tearing apart global markets. (Analysis)GOLD / US DOLLARPYTH:XAUUSDChuck_WilsonLadies and gentlemen, let's get straight to the point: Trump's sudden positive news only provided short-term support at the $4100 level. However, with oil prices stabilizing, the energy shock from the Iranian conflict has become a structurally bearish driver for spot gold—breaking this support level is only a matter of time. On the 4-hour chart, gold prices have been declining near the Bollinger Band's middle line, with increasing trading volume. If it cannot break through the $4600 resistance level in the short term, gold prices will enter a weak low-level consolidation phase, awaiting the accumulation of buying pressure. Many traders believe that gold prices will bottom out at $4100, but frankly, this is just a pullback from severely oversold conditions, not a true reversal of the trend. Even if the downtrend slows and enters a range-bound phase, our medium- to short-term bearish bias remains, and we will continue to adhere to our strategy of selling on rallies. The only adjustment? Reducing optimism about short-term downside targets, so we will continue to gradually close positions in increments of 50-100 points. Our short positions established in stages during the New York trading session have already locked in over 100 points of profit. Conclusion: For those who shorted with me around 4500, please close part of your position at 4400 or the current price and hold the remainder—set a stop-loss above 4513. Do not consider new entry points at this time; I will update the price levels when a reliable trading setup emerges. Today's short-selling on the rebound was very precise, proving that sticking to the plan will eventually pay off. Unfortunately, those who followed—those who blindly shorted below 4300—suffered heavy losses. They completely missed the bottoming signal at 4100; it was pure reckless shorting, simple and clear. Recent volatility has been extremely high—trade cautiously, keep your positions light, and you can reap substantial profits. Some people think this market is difficult, but believe me, it's a trader's dream: rapid fluctuations, large swings, and a lot of liquidity to exploit. We welcome all traders to share their opinions, and let's move forward together in this market. XAUUSD XAUUSD GOLD GOLD XAUUSD